Rockbridge Capital Management LLC Invests $5.37 Million in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Rockbridge Capital Management LLC purchased a new position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 457,443 shares of the company's stock, valued at approximately $5,366,000. CCC Intelligent Solutions makes up about 3.1% of Rockbridge Capital Management LLC's holdings, making the stock its 11th biggest position. Rockbridge Capital Management LLC owned approximately 0.07% of CCC Intelligent Solutions at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Eagle Bay Advisors LLC purchased a new stake in CCC Intelligent Solutions in the fourth quarter valued at approximately $25,000. UMB Bank n.a. bought a new position in shares of CCC Intelligent Solutions in the 4th quarter worth $28,000. TD Private Client Wealth LLC purchased a new stake in shares of CCC Intelligent Solutions during the 4th quarter valued at $31,000. Quarry LP bought a new stake in shares of CCC Intelligent Solutions during the 4th quarter worth $36,000. Finally, Financial Management Professionals Inc. bought a new stake in shares of CCC Intelligent Solutions during the 4th quarter worth $54,000. 95.79% of the stock is currently owned by institutional investors.

CCC Intelligent Solutions Stock Up 0.1%

Shares of NYSE:CCCS traded up $0.01 during trading on Tuesday, hitting $9.16. The stock had a trading volume of 2,160,878 shares, compared to its average volume of 7,064,505. The company has a market capitalization of $6.03 billion, a PE ratio of 457.98 and a beta of 0.76. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. The firm's fifty day moving average is $8.95 and its 200 day moving average is $10.50. CCC Intelligent Solutions Holdings Inc. has a 12 month low of $8.14 and a 12 month high of $12.88.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The company had revenue of $251.57 million during the quarter, compared to analyst estimates of $249.87 million. During the same period last year, the business earned $0.09 EPS. CCC Intelligent Solutions's quarterly revenue was up 10.7% compared to the same quarter last year. Analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Piper Sandler dropped their target price on CCC Intelligent Solutions from $11.00 to $9.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. The Goldman Sachs Group cut their price objective on shares of CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Morgan Stanley reduced their target price on shares of CCC Intelligent Solutions from $15.00 to $13.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. JPMorgan Chase & Co. downgraded shares of CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $14.00 to $11.00 in a research note on Wednesday, February 26th. Finally, Barrington Research restated an "outperform" rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a research report on Wednesday, May 7th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $12.19.

Insider Transactions at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, Director Eileen Schloss sold 34,055 shares of the business's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $8.98, for a total transaction of $305,813.90. Following the completion of the sale, the director now directly owns 54,047 shares in the company, valued at approximately $485,342.06. The trade was a 38.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Timothy A. Welsh acquired 100,000 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was purchased at an average cost of $9.03 per share, with a total value of $903,000.00. Following the acquisition, the insider now directly owns 168,472 shares of the company's stock, valued at $1,521,302.16. This trade represents a 146.05% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 42,087,456 shares of company stock valued at $434,240,401 in the last quarter. 6.03% of the stock is owned by insiders.

About CCC Intelligent Solutions

CCC Intelligent Solutions Holdings Inc, operates as a software as a service company for the property and casualty insurance economy in the United States and China. The company's cloud-based software as a service platform connects trading partners, facilitates commerce, and supports mission-critical, artificial intelligence enabled digital workflow across the insurance economy, including insurers, repairers, automakers, parts suppliers, lenders and more.